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9/6/2011 2:43PM

News Corp. Again in Phone-Hack Spotlight

The probe against News Corp. continued in London, as former executives challenged testimony by James Murdoch over his involvement. Plus, Apple may have lost a iPhone 5, Amazon gets a sleek new look and RIMM battles investor turmoil.

This transcript has been automatically generated and may not be 100% accurate.

kg ... it still struggling with his ... has his eye ... musical once again ... in the spotlight over packing will love ... and so my small and family wealth ... thinking about it a heck of alot that happen and welcome I'm Simon Constable with me on the summer the pita captain is ... just dried up from the announcement that it is joining us also was announced he was Lowe's can take is for the Stoxx situation everything stocks tumbled across the board ... do we know why ... the ... sudden it's ... the same old story the overseeing of we have ... this law to jitters about European sovereign debt crisis ... all that and said European stock markets tumbling over the last few days on one five percent on the tax system is the Gemin index and so they were saying the Dow down about one point eight percent which is which is pretty big for ... for the dole in it it's a it's all been so busy which is on what happens overseas and so there's worries that the big overwriting were a great now that the U S and double dip back into recession and that is what everybody is worried about rate now ... there is a really wasn't any ... specific driver anything new today that would signal that but this is just the overriding theme that we've seen for weeks now and is playing out against the day we did what good economic data point which is the of the services index that such a disappointment and so this is the isthe is a pretty dressing room the topic the Pura Cup victory it was all better than expected report ... comes after last week when a bad infection but that is also pretty good so ... you know you're seeing some signs that maybe things aren't as bad as anticipated ... but of course there that the US to come up with these reports it's a it's a it's a it's different stage of Doctor who ... it's not what the stock price will ... pump aided design chain you are a little but ... I'm ... not going to artisans ... to turn ... down down down into the Dodd also this morning my mind might be useful in the news of a foreign ... currency exchange yes that does this ... on Italy from ... Greece and spam ... yet so this baby out this was Friday that the government but they ... love about how barring the drop ... I'm so that that that's ... just doses of the other side that that people are unsure of what is going to happen next people are so worried about the future and so that set ... me free and transport division Brasileiro executive at ten am Asia did it in it brings the question why does the government needs to that reason it does because ... no one knows how bad that our economy to get Ray Allen and ... we are eager to believe that a sound particularly on with with the European ... markets that word about the euro all about that's Disciple pigs ... Porsche with Leon Greece By Matt butthat's and also ... the new new new acronym I found this week the fleece types of ... Finland Luxembourg and stone and Austria they might well become bought on any future bailouts ... all those though Sokol pigs is there's no ... animals that we think the UK and Queens were to go on ... in Europe is ... that the new site the wasn't bad enough September historically the worst month of the year for stocks ... all we are coming off Friday with a huge drop in to the jobs where ... are you saying you get another triple digit declines today and the Dow so just again ... you know it these are these are tough times the jittery times and people aren't sure what's next ... well I think that that the scheme maybe the show and I'm really worried about it anyway thank you very much a leaf lettuce that was a look at Steve and again allied ... weekdays at ten thirty for the markets of Holsopple Bini on that we just got some breaking news then ... that Sprint is fighting to block the proposed eighteen T T Mobile ... on transaction we always knew that some spray was not in favor of this of this to so to ... and from what we already knew but check out wall plaques ... on number on on our website while ... mentioned the top news but once again ... in the spotlight over the phone hacking scandal at the soul Brownlow joins us now from London where she's standing by um ... because so this this seems to know to never end ... um tell us what's happening to to Newspoll ... today while in the Spotlight I should also point out that New scope is the parent company ... the parent company Dagens the publisher of The Wall Street tunnel ... indeed so it's day debt was ... and that the UK Parliament recommencing it's been tripping backpacking resumes today ... Apple's fault the form a ... new scope executives that if there is that it's ... going to bed instead ... of telling his best Test me James Raedle is given ... to have more about that today at an eighty two executives continue to claim they showed James Maddox email into thousandeight ... which indicates the Fed hacking went beyond ... one reporter was met at the time that James metal his ... art has maintained an interest in these maintains day ... it was not made clear that you know the time I make a heck of it to sell his body when the wind did ... miss them I don't ... know about this that's what common wants to know right ... it's fundamental that that means let's get to is ... who knew what about spanking landing to gauge of how high up the exactly a network so that's what they really try to get that ... so this is just one piece of that ... and that happens to be yet another piece that that's been disputed ... Pompano won twenty Mike Maules ... well ... this is a lot of ... the folks in this building for his breeder and part of what the story to go way and they don't ... realise it's not gonna go away ... the worst-case scenario is too slow trickle of this now ... going on but most ... are ... beating it could be immune to the upside as Yasmine decisive happens and what I was present has to go for mortgages and credit card company we thought that might happen earlier this summer it didn't seem so looks like the Swiss based consultant to prepare ... a Medicare style home on a nice Hemmings so I'm supposed to last and that has anything damning come out today ... well said the data in these areas could loves that can go on for months a sign of a Bissonnette final and waned and ... it is at that point that that will ... expect to see it on selling tickets the news ... in addition to this column entry Kaminski ... just today that it was applets that and and it just letting party speed set up here in UK so that's can be pretty ... Hacking ... but it's well but also just ... says Janine Edac ... meanwhile Holsopple who aren't forced investigations but here in UK as well as the U S debt ... finance ... and that's coming in for a lot ... and had to ... lower rents that can read and unlike the RS already had to rest and ... and and conditioning costs of litigation said ... there is Francis Duryee and Kerry are running wild ... in sums of everything happening today ... the release date was ... when more t tell one ... thing is we already knew rather than a dramatic new ... developments in key questions still remain on the air and that ... that is really kinda knew what when and in this case he's been ... missed he is still a lot of that ... you know some of that was a lot of ... rage or ... race with the public and in the UK my ... my home country about that that that tacky about the response has sold off which which was the hacking of it that tells Bob from before the place knew that she was that and so therefore choose life has ... rates in the Senate down yet or is it still palpable as it was of the of the CIA ... the still remains at the very bad and the creek specially Shiyou and something a lot of people here in the street so brings to me that I cannot stay as my colleagues agreed that a piece in the gentle winds in ... its discrepancies ... in a story of the Alps at that nobody down to ... have been ... festering news the wealth and it hit a bouncer and ... how he notes that if the issue that's very ... de tails and ... an average spread messages between ... the story they were just more of the week he would lead to ... an end today when he and he's asked about that now stepping in and the former in house lawyer if ... it's the it's just that may be at Eagle them when evening a story brand ... that MITI and that in ... the course of three ... sons Austin dial back the story ... of his crop that when the Super twelve with top ranking was speaking today ... thinking that the recollection of the story and and teaches them back and giving any advice on it so again that still remains unclear as to you know ... what happened with that that seem to be down a story the needs of low back pain to happen to ... you the chance to get them ... just when you think initially in the summer there was some thought that this might might leap across the pond is on SM's of the American political consciousness and ten from one hundred and nine eleven and a lot talk than it did in something involving nine eleven victims and hacking and I can sleep so well but it hasn't and it doesn't seem resident in this country ... for various reasons for that but I think it was going to glory happened that I was for the campus of the American public that they will get over the summer that should of ... been a lower dollar is they don't know what respects them and then moved onto Sarah pail and Michele Bachmann or whatever else to pay attention to this ... this this is the media tends to move right and I thank you Brian much subprime of covering the story on the phone hacking and musical pop that ... New scope upend Company ... was the news the wealth will please all still searching for Missing Apple prototype Ian Sherr Johns's now ... from summonses go way with Darden's Newswires ... um and that this story flat-out last me it's it's like they soften all over again but quickly recap was to bring us up-to-date on this story ... shares of the US to assist the police department said that AEI ... eyes and it is joined to Apple employees to stand for it to take is that if we have four police officers ... onto local sentences go out at ... home where they would be traced AEI eyes was the prototype ... and that they actually went into the home base is that Apple wasted ... and I said they came out with nothing so here it is still searching for it ... um but it is awfully similar to what happened last year when not ... an Apple prototype went missing ... with an up or just by have a lot of its motto ... for five thousand dollars in an auto shut up over the wet ... on this time around we haven't seen the device ... it ... that we don't know really what is on but we do know that it's missing and it went missing in a bar ... that as as Apple said one of what what is happening to deny whether it's by What'll appeal hopefully ... I guess they hope that I phone five ... but I did the Apple hasn't said what it is Zalm that their ... meeting at a notoriously tight lipped about this ... I'm however if the police department of ... sent out there ... a statement on Friday in a document that was titled I phone five dot dot so I'm clearly the police leave that it is not a fun time ... the stress of it again when I ... was laughing well we we we did all phones coming right at Apple comes out with its own just about every year we know they're going to have an event this fall well ... AllThingsDigital by my side is porting to the October it did say that ... obsolete three surprised if they were tested it was in the nonfarm private while yet on the XAU MMX along a sense of ... and it seems to be remarkably clumsy Yemen is a sense that it is a lot to me some wants ... them to lose the of this the scientists think basically ... twice this Anatel of carelessness of the but he also ridiculousness ... um what what he Mike about ... well you know if there's two parts to add this to me one way to look at it that way but the other part is that Apple does need to test these devices in a while ... on ... the rich relied on recent testing in awhile publicly ... at least we know for six months ... and they tested the woods every device south there ... and partially because cellular networks are different in even though we knows Apple spent over ... million dollars on their own ... study were testing equipment in on the campus into Cupertino ... the study tested in the wild and so ... the reality is that the stuff does happen I mean you will get it in a lot of things have gone missing over the period of history ... I better been Yelp that leave the corporate offices that he didn't think about you know that that BA was the fun to laptops was so Security numbers on the ... stuff happens and so ... on one could say that Apple was Allison a B note ... is surprising has been placed on the other end ... the not attesting if necessary kind of said the fall of numbers ... this all happen ... such a statistically pamphlet thank you Brian much ... money and stood stay with this Apple to open its first Hong Kong stock to stall this quarter that is a ... new Apple still coming to Hong Kong the score will have that next after this ... I went back with more digits ... is a sucker for Apple to open its files Hong Kong store this quarter we did in show with Darden's Newswires in San Francisco him thanks for hanging on for as the top tells about this is the real one that I think one present ... yet the public prisons those of Apple is actually confirm that there's a store planned in guided OPAP I have seen all ... I'm in Hong Kong which to be the first store in ... Hong Kong it's not the first or for China ... overall obviously ... on and so it's you know it's it's another kind of Apple putting a footnote ... in the wired seen growing ... retail market is the of time ... and that's the big big bet on on on time and plenty it's ... very important event of a also trying to stamp out these all the fake stores all know what what are they doing about that and the theme of this ... it's un clear um you know there hasn't been much talked about the fake stores since those that ... this kind of plot posts when upper bridge to me about it on the Chinese government stepped in and a couple cases we buried ... aam but other than that there hasn't been much about that for Apple more than anything ... on this is about a real opportunity to brand is really strong in China ... I'm a lot of people I see it is a premium it says that if you know upper class I think ... and so on he's had this phenomenal mound of growth in China as well ... on you know it and Apple were all in ... terms of worldwide sales are actually starting to ... eclipse ... their U S sales so for them it's it's a really important to have opportunity ... to take it didn't you bring to ... the start of the yet to be ... sexy to me I've asked all the momentum for ... the rest of the euro on the show when when your ya that now ... in the the the stuff going on in China the ... the I pad to the three G version that which works with assayed devices ... um ... maybe coming soon of than previously thought to tells about that ... was it be basically what happened was that the Chinese government wasted a device that has the ... specific Tenet Number two with a model number that ... I'm seeing state unit that allows it to the three G capability and the I pad ... and so it seems as though Apple it's got clearance got to bring the I pad to ... to hide China under the same period that they have an agreement with for the ... I phone for ... so this is better that you know another step in for good ... getting all their products ... to China India and ... growing that opportunity as we discussed has previously ... in um you know did their brand is very strong and it's a really good opportunity to ... network that offers me unison has spread to the ... idea is that a civil lawsuit is part of a one to be there they went to outpace the Pirates bright and that is that is a big deal to be due for everyone doing business in China especially comes to big brand names like this serial ATA with the Canossa these Lieberthal ... now that the outflows and some publicity problems in in Japan because of some it's contracting companies that of WorkSmart Foxconn ... for example ... do you think out of ... twenty three of these products and and and opening the store in Hong Kong ... will actually help counter right now because I did it all you know when this country Deripaska government which I have a box ... on the side ... consumers were going to have enough money to buy a product so it's it's a matter of people wanted to point the busy you money in class in China now for many of the folks want to take it ... I'm what you think they'll end up using out of the Hong Kong store one also the ... the the the the three G I pad which that their role and into China ... so the ... optional point that getting it but that into the country sent a shot ... on that may be made with the ball yet but China's terms of ... the biggest opportunity right to be made it if they only crack China Open for a ... gap that some ... I don't know what it is a huge market ... aam and thank you very much in show ... with Darden's Tosaw reporting on awful up thank you very much Paul Netflix ... CEO books beyond the Starz deal the value of the story ... tell us about what's going on here ... aam ablest the SaaS deal ... basically last week we know about that ... but good things happening this week ... Latin America it's the big new thing for Netflix ... what what he meant when out that the December they were coming to whether ... it wants its assertive barely news right they said they were going up and out of opened up the next big news than waiting for present is which European country will show up in early next year the betting is Englund and or Spain ... it was to ponder about what this all I'm thinking that would be a part that that didn't ... didn't have double the cultural ties to walk to the popular iPad in the U S will be very bad idea and there's a there's a bit of havoc of the servers are called Lovefilm was known by Amazon Rhodesia for any these expansions on Netflix's part is where can they get in a rights offer compelling ... opted not to be right back to the feast on some debt deal on ... the talking ... Neflix of Tory plane down so the chance of rekindling is that the thing that could be possibly a negotiating tactic ... the summit that starts to lower expectations ... and so that any deal comes about them and it will be too costly yes I would think it also reflects where they're at right now in both companies that were done were bought with the table there is still a table right in the metaphor of the meeting that this deal doesn't expire until bad versus went on to come back ... on and everyone of Doctor who follows this ... really is trying to figure out ... are they gone are the comeback in you can find five people who are experts in this field in all tell you something different ... um ... because of the getting is they would like to figure out a way to do it it's very hard on both sides to to how they can make a deal were ... not as if ... if you wouldn't let anything like to hold off on what would you say was that that happens you would think that a trusted source religion of the dollar as to the Pacific about the table but is it something is going to have a crack at the stars began to rethink the way they do their business from them and we were Netflix will ... of Sydney that Netflix would have to do was come come back to the ones that aren't we're going to tear our services a box amounted to discover content ... and for ten bucks a month CD you you can get this much more content including stars ... you think about this or doing that already with with DDB keen on DVD service so it's possible that if this goes well this fall ... by the end of the year to my second twenty minutes ago when they are doing it cheered service and instead ... wanted a one size fits all and the implied that more costs out more detail on how it's doing and what type of surprise how expensive it was ... that the monarchy to this kind of living is not what is the riches of this to be in your pursuit of the phone for people with both money and access to differences in broadband in this is not to be a mass service across all Blattner study pockets of the firm has ... offices in the face of this stay with this bit of ... well Amazon for digital goods was in a major slight redesign Stu Woo Johns's now from San Francisco ... alms to thanks much for joining us now I'd I love on Amazon I must own at least four times a day of what's coming centimes of redesigned am I gonna be all thrown out of kilter ... aam ... maybe a little bit you know as a moderate during some accounts and records of people are going up a little bit ... so last week Amazon started testing the new site among small number of years not every vacancy it yet ... and of what looks like is that the consent of that ... column ... of buttons on the left side that that you know that advertises ... only digital content but also things like toys clothing electronics ... on its contents replace a much cleaner side ... is a lot more white space there's bigger images ... and on top that just a single row of buttons that ... aam advertises only digital contents of look like they're really pushing their ... electronic books video and music now ... and then said that many may be is a sign of things to come and make enemy getting out of the warehousing of physical goods business ... and I maybe maybe this time in favor of the Sentinel things ... I don't think that the concern is that I did their deftly been very successful with the physical goods ... I'll what it means though is that they're really pushing ... content that can be delivered to tablets like the I pad ... for their own tablet that they're expected to police in coming weeks ... I'm there I'm coming out with that with the US but Lee and an Android tablet ... and now by advertising's as ... in things like books music and ... video ... on the Softlines website on the beach and the people can you going to tablets because abundant in if we start playing ... music or video ... the same time that I was last down lighting the money into the bank accounts it's it seems them ... with the preen three different business well what do you make of this the idea of weakness on his and whiskey ... out to rescue any symbolism EUR twenty C primarily when you're on a tablet such is the problem and presumably Amazon is part of what every other Web operator to figure out where you're coming from good news site is optimized ways ... of all this is a very sincere ever circling around eighty of the Amazon tablet what what what did the weekend the rhetoric TechCrunch said I found it at what this credit you can't do it here but the discrepancy urine ... and sweat basically in a multimedia digital media consumption device you super excited about this and ... to get you excited ... this is what I read it I care about this ... and also because we've been trying to find someone who will Koval a credible alternative to the EyePet BofA's to certain servers and people were in the industry want to find someone who can match Apple ... ever was built so far ... yet you seem pretty excited Amazon a certain the next best shot ... content ... of that that that practice to come ... with all the facts on the twenty ... one won all my now but it does something changes some things that everyone loves to pull a sitcom I am I not been closer ... to the way through the yet ... to the digital world ... ideally yes and no ... I'm Amazon has agreed that every designer side in years it looks pretty wet Ueno which compared with ... this what side that beat Apple for instance ... aam but Amazon is really one that set the standard for increasing sales through savvy Web design ... and Hoppers lines that recommendation so ... I think that people are that other online retailers can be ... paying out really close attention to what embargoes Amazon ... is by far the world's largest retailer and they did that in part because the profit of eighty three the how the designer website sophisticated using other companies' when looking at Amazon knowing that snowing Amazon's re successful will try to emulate ... sure everyone's copycat but the comic adding it's very hard MENA who was another good example of a site that speculative brilliant design for Web video ... was an ultra not that often again no one's really done that success with its mortgages have keeping elements of design is lot of back to work ... together as well ... OK good stuff thank you very much there were ... a gentle ... and Sanford's as go well more problems for what we might read ... this time from Settles was ... that after this right ... Campbell problems for what we make a brand this ... shall destructive can Johns's on the site now to discuss ... this story number of winners of getting a one-time every weakness I knew ... what some in this time ... at this time there's a small shareholder that one stands to make changes the leaders of the company's other path is seen as just be something ... to help re energize the stock right now is the great quo in heaven the business and of course the price performance in effect to ... cook or ineffective corporate structure and facility we had a somewhat more sign it if you are batting expression ... um ... this is ... really ... really some ... Kiwi to do with listening to the Hutton report Jack you up financial fault and and I think they're ... not really well none at all and I think they said that with the other groups that they're working with they're not even five percent of that RIM's stock ... so I mean it's a small small investor but it just shows that the chorus is growing back pain he says companies headed for grants from larger crew showed the ... power to change ... a lot of large shareholders saying anything yet um I think there is an active shareholder at one time either earlier this year ... when really this year ... on and I think the board in the town spent Apple bought the little that ... ALM so may I add that to her later something is happening thinker will hear more of those that appear in sums up ... the clock is ticking and it's it's like the Peter Pan a mother box ticking ... and the ... Pentagon to impose a plan for the catwalk often I mean the crocodiles ... I mean that these guys have got for us but to Thomas around ... it seems that they think they have forever and there might be a disconnect again between management could ... perhaps be ... deported sell to really let her from the porn boss of how much one ... how much a room they think they have these guys came out with the PlayBook this brings a misses a product that could actually sell on ... the market set up the lead-up to Sitt's think use and acting like they have got some cute thing digital so what ... what what it meant giving you a message for them ... comes they will wake up and move on ... but I don't want to upset ... that's pretty I'm pretty telling is not some amendment of the stock down the stock shot up in a moment of RIM's stock down ... four c to eight percent to the ... use of such hits a twenty percent that's quite normal ... yet it really is that when you look the smartphone market they've really been struggling and in a big going to live ... there in a bid at delays to projects ... but I notice that some suspect it actually off today which is that what one of the few stocks the topics to be popping trend that ... on the sort of prejudice but the map ... the news to deter converted so that's what ... but I guess for most of them of what was the daughter of atomic Omnicare ... in the prior art which is if they're doing everything possible ... that had correctly it'll still take a welcome this thing around you can just overnight say ... the new awesome product right yet ... if White wants a piece of Ciris of the public are more bad news ... if there's any good news to come ... meanwhile the can in fact that women try to support at the Ana ... thousands sent ... any thank you Brian much oxygen matches the womans story on line ... twelve more hoopla tale of a TechCrunch on his new role chili and when ... joins us now on the set explain what's going on and has the story ... um ... it's a ... gripping dripping out ... of people's about Michael Arrington founded TechCrunch ... the NDP ... and he had been involved in the investment business ... and as a lawyer having fun TechCrunch and now he's going to be of such a capitalist explain what's going on on what the latest to clients ... well that must find a banner on that today is reading all the deal the ... person that tech trends ... and that and you've been reading about that ... as well ... and some that that is ... what she cheeky grin that's good idea because it opens directly ... into the morning to exactly ... and so on ... basically ... you know my plan to announce that in addition to running TechCrunch which used a new with us at the center Pavel Fi and then everybody is at odds with the TV journalists ... writing ... about the mean investing in them what we hear a lot to tell a sense of what every year like the money and investing is impossible to conceive of that not even going Stocks and Max years and ended any company that you would ever can see we read about is about ... causes huge ... and this is a huge ... huge flat should show that the tops of the question because they're all I knew we had people stopping websites and Henry Henry Blodget stopping the business insider ... Michael Atkinson example um Jim Jim Cramer month while Paulson Street talk on one and was was that ... some ... reason both the new buses business but running into a mistake outfits ... easy is it a crazy to throw these ideas out that as they meet the new model and maybe things they can wait ... um I mean sure like I've signed on to the polls for months ... I buy it with buybacks and paper plate not investing in companies that you write about this ... you can tell us how the wheel and then we we we we all do not have a lot of peoples who are in the investment world one seconds to profit from its lows of the season right there was always our intention that I think that this certain on the go to it's it's a matter say ... you really know what you're getting into both the reader ... and the writers and AOL bought seventy ... million dollars ... a year ago ... but you know what you're getting into the NGP disclose office ... the trespass is up is that the big issue ... the policy because actually my life and this was a sweaty and bets that some sometimes the that comes out a little bit of a set of ... all right so that bothers me know what was left ... but ... when is the question and he knew a lot of it is our not bring about the coming to compete with your own companies that have been read on and TechCrunch is the still lake ... that is that the heat on all brawl start-ups that we get there ... you're late ... last week's ... disappointing that may be the culprit for crossbred heftily activity much Joe and when I wrote that ... the new cycles well that's it That's digits for now ... the wicket to fall more ... stuff with them with revenue mark of the great afternoon ...